I mean I've been forcing my good old 1080ti to run local models since a short while after llama was first leaked.
But I wouldn't say "local models are here" in the same way as "year of the Linux desktop!111"
Until someone can just go out and buy some sort of "AI pod" that they can take home, plug in and hit one button on a mobile app to select a model (or even just hide models behind various personas) then I wouldn't say it's quite there yet.
It's important that the average consumer can do it, I think the limitations for that are: things are changing too quickly, ram+compute components are exceedingly expensive now, we're still waiting on better controls/harnesses for this stuff to stop consumers not just from shooting themselves in the foot, but blowing their foot clean off.
Would be interesting to see a Taalas-like chip in a product, albeit there's so many changes going on atm with diffusion based models, Google's Turboquant (which as someone who has had to almost always run quantized models, makes a lot of sense to me).